Northern Baltimore Sublease

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Northern Baltimore

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,500
As of: July 19, 2017

Northern Baltimore Rates

Most listings are in the $10's per square foot per year. The Northern Baltimore submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $14 per sqft per year. That's a 47% decrease in rent.

Compared to the rest of the Greater Baltimore market, the Northern Baltimore region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Northern Baltimore Listing Supply

In the last 90 days, 21 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 52% of the available space in the Northern Baltimore are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1920 and are Class C.

Northern Baltimore Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Northern Baltimore occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Northern Baltimore.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northern Baltimore.
Research